This Semiconductor Stock Holds 30% Upside: Analyst
This Semiconductor Stock Holds 30% Upside: Analyst
Texas Instruments Inc (NASDAQ:TXN) might be gearing up for a substantial upside. Citigroup increased its price target for its stock from $200 to $235. Analyst Christopher Danely upgraded the stock from Neutral to Buy.
德州儀器公司（納斯達克：TXN）可能會迎來相當大的上漲。花旗集團將其股票的目標價格從200美元上調至235美元。分析師克里斯托弗·達內利（Christopher Danely）將該股票的評級從中立升級爲買入。
Additionally, JPMorgan analyst Harlan Sur has outlined a potential 30% surge in the company's stock price by December 2025.
此外，摩根大通的分析師哈蘭·瑟爾（Harlan Sur）概述了該公司股價到2025年12月可能上漲30%的潛力。
Texas Instruments Stock's Fair Value Could Hit $275 by 2026
德州儀器股票的公允價值可能會在2026年達到275美元。
In a recent capital management strategy update, Texas Instruments laid out a scenario analysis. The analysis centered around driving approximately $9 of free cash flow per share by 2026.
在最近的資本管理策略更新中，德州儀器提出了一種情景分析。該分析集中在到2026年實現每股約9美元的自由現金流。
JPMorgan's Sur remains confident in the stock, maintaining an Overweight rating with a price target of $230 by December 2025. With the current price hovering around $200 — that's a straight 30% upside from current price levels.
摩根大通的瑟爾對該股持有信心，維持股票的超配評級，並將其目標價格設置爲2025年12月的230美元。當前股價大約在200美元左右，相比當前價格水平，這是一個垂直的30%上漲。
However, the analyst believes the fair value could be as high as $250 to $275 per share, based on a 28-30x free cash flow multiple, by 2026.
然而，該分析師認爲，根據2026年的28-30倍自由現金流乘數，公允價值可能達到每股250美元至275美元。
Strong Revenue Growth, Strategic Expansion
強勁的營業收入增長，戰略擴張
"TI's business strategy has not changed, and the team continues to see a strong, albeit more reasonable 7%-9% revenue CAGR going forward," Sur noted.
「TI的業務策略沒有變化，團隊繼續看好未來強勁但更加合理的7%-9%的營業收入年均增長率，」瑟爾指出。
This growth is expected to be driven by increased semiconductor content, particularly in the automotive and industrial sectors — both key markets for the company.
這種增長預計將受到半導體內容的增加推動，特別是在汽車和工業領域——這兩個對該公司來說都是關鍵市場。
Additionally, the company's strategic build-out of its 300mm, low-cost U.S. manufacturing capacity will benefit from the evolving geopolitical landscape.
此外，該公司對其300mm、低成本的美國製造能力的戰略建設將從不斷演變的地緣政治背景中獲益。
Read Also: Texas Instruments To Rally Around 16%? Here Are 10 Top Analyst Forecasts For Wednesday
還閱讀：德州儀器股價將上漲16%？以下是週三10位頂級分析師的預測
Flexibility in Capex Spending
靈活性的資本支出
Sur highlighted Texas Instruments' robust approach to capital management, emphasizing the company's ability to scale capex spending flexibly based on demand.
Sur強調了德州儀器在資本管理方面的強大舉措，強調了公司根據需求靈活調整資本支出的能力。
"Under this investment phase, the team has more scalability of capex and is able to drive higher free cash flow per share growth across a range of market conditions," he explained.
他解釋說：「在這一投資階段下，團隊在資本支出方面擁有更高的可擴展性，並能夠在一系列市場條件下實現更高的自由現金流每股增長。」
Best-In-Class FCF, Dividend Growth
最佳自由現金流、股息增長
As Texas Instruments emerges from a heavy investment cycle, Sur expects the company to deliver "best-in-class free cash flow per share and dividend growth over the longer term."
在德州儀器從一輪重資產投資週期中崛起之際，Sur預計該公司將在較長期內交付「最佳自由現金流每股增長和股息增長」。
Sur projects the company's gross margins will trend higher. He sees a return to a 25%-35% free cash flow margin target by 2026.
Sur預計公司的毛利率將會上升。他預計到2026年，自由現金流率目標將會回到25%-35%。
With Texas Instruments positioned as a leader in high-value analog and embedded products, Sur sees the stock as a high-quality investment. With above-average leverage, broad-based market exposure, and a shareholder-friendly capital allocation strategy, Texas Instruments is poised for better days ahead.
作爲高價值模擬和嵌入式產品的領導者，Sur認爲德州儀器是一個高質量的投資。憑藉高於平均水平的槓桿率、廣泛的市場曝光和股東友好型的資本配置策略，德州儀器前景光明。
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Photo: Shutterstock
Photo: shutterstock